Robeco Institutional Asset Management B.V. Increases Stake in Apache Co. (APA)

Robeco Institutional Asset Management B.V. grew its position in shares of Apache Co. (NYSE:APA) by 70.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,799 shares of the energy company’s stock after buying an additional 29,369 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Apache were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in APA. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Apache by 176.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,673 shares of the energy company’s stock worth $888,000 after buying an additional 11,925 shares during the last quarter. Achmea Investment Management B.V. acquired a new position in shares of Apache during the third quarter worth approximately $652,000. Douglas Lane & Associates LLC lifted its holdings in shares of Apache by 101.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 351,218 shares of the energy company’s stock worth $9,219,000 after buying an additional 177,102 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Apache by 2.5% during the third quarter. Russell Investments Group Ltd. now owns 361,327 shares of the energy company’s stock worth $17,142,000 after buying an additional 8,837 shares during the last quarter. Finally, CKW Financial Group lifted its holdings in shares of Apache by 25.0% during the fourth quarter. CKW Financial Group now owns 2,500 shares of the energy company’s stock worth $66,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

Shares of APA opened at $32.73 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.90. Apache Co. has a 12-month low of $24.56 and a 12-month high of $50.03. The firm has a market cap of $12.61 billion, a PE ratio of 18.49, a PEG ratio of 15.47 and a beta of 1.72.

Apache (NYSE:APA) last issued its quarterly earnings results on Wednesday, February 27th. The energy company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.03). Apache had a net margin of 12.11% and a return on equity of 7.71%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $0.33 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. Research analysts anticipate that Apache Co. will post 0.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, April 18th. Apache’s dividend payout ratio (DPR) is presently 56.50%.

APA has been the subject of a number of research analyst reports. Seaport Global Securities upgraded Apache from a “sell” rating to a “neutral” rating and cut their price target for the stock from $39.00 to $34.00 in a report on Monday, December 10th. JPMorgan Chase & Co. set a $35.00 price target on Apache and gave the stock a “sell” rating in a report on Friday, December 7th. Cowen initiated coverage on Apache in a report on Thursday, November 29th. They set a “market perform” rating for the company. Raymond James reiterated a “buy” rating and set a $51.00 price target on shares of Apache in a report on Monday, December 24th. Finally, Zacks Investment Research upgraded Apache from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.96.

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Apache Profile

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region.

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Institutional Ownership by Quarter for Apache (NYSE:APA)

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